China & ASEAN Cassava Starch-Based Products Market Research Report Forecast to 2028

China & ASEAN Cassava Starch-Based Products Market Research Report Forecast to 2028

Market Overview

The China & ASEAN cassava starch-based products market has witnessed rapid growth over the last few years and is projected to expand at a CAGR of 4.81% during the forecast period. Rising gluten-intolerance population in China & ASEAN countries is anticipated to act as one of the significant factors for the rising growth of cassava starch-based products market during the forecast period. Moreover, the mounting growth of textile industry is expected to augment the sales of cassava starch-based products market. The fluctuating price of cassava starch is anticipated to restrict the sales of cassava starch-based products market. Starch obtained from the roots of cassava plant is known as cassava starch or tapioca starch. It is a rich source of carbohydrates and is used as a substitute of potato starch.

The China & ASEAN cassava starch-based product market is expected to register a notable growth rate during the forecast period. The increasing gluten-intolerant population and growing textile industry are considered one of the major factors for the rising growth of the China & ASEAN cassava starch-based product market. Additionally, the diverse application of cassava starch in various non-food industries provides growth opportunities to the market for the forecast period. However, price fluctuations of cassava starch and wastewater generated from cassava processing are hampering the market's growth.

Market Segmentation

Based on product type, the China & ASEAN cassava starch-based product market has been segmented into tapioca, dextrin, glucose syrup, maltodextrin, and biodegradable polymers. The tapioca segment accounted for the largest market share of 59.01% in 2020.

Based on category, the China & ASEAN cassava starch-based product market has been segmented into conventional and organic. The conventional segment accounted for the largest market share of 90.47% in 2020 and organic segment is projected to exhibit the highest CAGR of 5.47% during the review period.

Based on application, the China & ASEAN cassava starch-based product market has been segmented into food & beverages, pharmaceuticals, personal care, textile, and others. The food & beverages segment has been further segmented into bakery & confectionery, beverages, breakfast cereals, sweet & savory snacks, and others. The food & beverages segment accounted for the largest market share of 49.17% in 2020 and is projected to exhibit the highest CAGR of 4.71% during the review period.

Regional Analysis

China & ASEAN cassava starch-based products market has been segmented, based on region/country, into China and ASEAN. China accounted for a larger market share of 69.50%, with a market volume of 17,768.5 thousand tons in 2020; the market is expected to register a CAGR of 4.03%. ASEAN was sized at 7,797.7 thousand tons in 2020; the market is projected to exhibit at a higher CAGR of 4.40% during the forecast period.

Major Players

The key players operating in China & ASEAN cassava starch-based products market include Starch Asia (Thailand), Vedan International (Holdings) Limited (Vietnam), Cargill Inc. (US), Asia Fructose Co., Ltd. (Thailand), Piraab Starch (Thailand), Anhui Elite Industrial Co.,ltd (China), Dongguan Dongmei Foods Co., Ltd. (China), Shandong Bailong Chuangyuan Bio-Tech Co., Ltd (China), Ingredion Incorporated (US), Tate & Lyle Plc (UK).

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.Companies Mentioned

Starch Asia (Thailand)
Vedan International (Holdings) Limited (Vietnam)
Cargill Inc. (US)
Asia Fructose Co.
Ltd. (Thailand)
Piraab Starch (Thailand)
Anhui Elite Industrial Co.
ltd (China)
Dongguan Dongmei Foods Co.
Ltd. (China)
Shandong Bailong Chuangyuan Bio-Tech Co.
Ltd (China)
Ingredion Incorporated (US)
Tate & Lyle Plc (UK)

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